Chancellor Angela Merkel’s Berlin republic is a European Germany, in the rich, positive sense in which the great novelist had come to use the term. It is free, civilized, democratic, law-bound, socially and environmentally conscious.
It’s far from perfect, obviously, but as good as any other big country in Europe – and the best Germany we’ve ever had.
Yet because of the crisis of the euro zone this European Germany finds itself, unwillingly, at the centre of a German Europe. No one can seriously doubt that Germany is calling the shots in the euro zone. The reason there is a fiscal compact treaty agreed by 25 European Union member states is that Berlin wanted it. Desperate, impoverished Greeks are being told “do their homework” by Germans. More extraordinary still, the German Chancellor is now telling French voters who to vote for in their own presidential election, through a series of campaign appearances with President Nicolas Sarkozy. Everyone says Europe is being led by “Merkozy” but the reality is more like “Merkelzy.”
Read it all.
Filed under: * Economics, Politics Economy Consumer/consumer spending Corporations/Corporate Life Credit Markets Currency Markets Euro European Central Bank The Banking System/Sector The Credit Freeze Crisis of Fall 2008/The Recession of 2007-- Foreign Relations Politics in General * International News & Commentary Europe --European Sovereign Debt Crisis of 2010 Germany
Posted February 9, 2012 at 7:28 am
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